Bank of New York Mellon Corp BNY

FinancialsInvestment Banking & Investment ServicesUnited States of America

Last close 147.11 USD on Nov 1, 2026, +28.9% year to date

Quant rating

Quant rating A Rank 115 of 799 in Financials

Growth B 221 of 799
Valuation D 648 of 799
Quality B 205 of 799
Revisions A 37 of 799
Momentum B 248 of 799

Wall Street consensus Buy (2.29)Average target 165.75 USD +12.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 99.0B
Enterprise value: 52.8B
52-week range: 105.60 – 165.84
3-year range: 43.17 – 165.84
Dividend yield: 1.71%
Beta (5 years): 1.02
Shares outstanding: 673M
Next earnings: Jan 11, 2027

About the company

The Bank of New York Mellon Corporation is a financial services platforms company. The Company's segments include Securities Services, Market and Wealth Services and Investment and Wealth Management. The Company offers securities services, issuer services; liquidity, financing & collateral; global payments & trade; and markets execution services. Its securities services include custody, fund & investor, integrated middle office solutions, managed account solutions, and global clearing solutions. Its issuer services include structured debt, conventional trust, and depository receipts. Its liquidity, financing & collateral services include liquidity & financing, credit & lending and global collateral. Its global payments & trade services include payments, trade finance, and cash management. Its markets execution service includes buy-side trading solutions, fixed income, foreign exchange, equities, and portfolio transition services.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	–	–	–	–	–	–
Revenue growth	–	–	–	–	–	–
EPS (basic, normalized)	7.50	6.03	5.05	2.90	4.18	–
EPS growth	24.4%	19.4%	74.1%	−30.6%	–	–
Gross margin	–	–	–	–	–	–
Net margin	20.7%	16.9%	14.9%	32.9%	124.8%	42.0%
ROE	12.6%	11.9%	11.1%	5.6%	8.1%	9.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	34,313
Net debt (mil)	–
Total equity (mil)	43,575
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	–	–	–	57.36	+6.7%	2.6x	7.50	+24.4%	19.6x
2026	22,485	–	2.4x	60.49	+5.5%	2.4x	9.42	+25.7%	15.6x
2027	23,648	+5.2%	2.2x	64.70	+7.0%	2.3x	10.46	+11.0%	14.1x
2028	24,786	+4.8%	2.1x	69.02	+6.7%	2.1x	11.70	+11.9%	12.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	22,485	+1.1%	+1.2%	+4.7%	9.42	+1.9%	+2.0%	+7.2%
2027	23,648	+1.7%	+1.8%	+6.0%	10.46	+2.2%	+2.4%	+8.4%
2028	24,786	+2.3%	+3.3%	+6.7%	11.70	+2.7%	+2.6%	+8.9%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales reported (mil)	4,597	4,648	4,847	4,752	5,028	5,081	5,179	5,409	5,698	5,676
Sales mean (mil)	4,523	4,542	4,659	4,771	4,833	4,974	5,139	5,178	5,397	5,547
Surprise	+1.6%	+2.3%	+4.0%	−0.4%	+4.0%	+2.2%	+0.8%	+4.5%	+5.6%	+2.3%
EPS reported	1.51	1.52	1.72	1.58	1.94	1.91	2.08	2.25	2.46	2.37
EPS mean	1.43	1.42	1.56	1.51	1.76	1.77	1.98	1.93	2.22	2.27
Surprise	+5.6%	+7.3%	+9.9%	+4.6%	+10.5%	+7.9%	+4.9%	+16.7%	+10.7%	+4.6%

Peer comparison Investment Banking & Investment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
BNY Bank of New York Mellon Corp	99.0B	–	20.7%	2.27x	15.6x	14.1x	–	–
MS Morgan Stanley	288.4B	–	13.6%	2.49x	14.3x	13.5x	–	–
GS The Goldman Sachs Group, Inc.	260.5B	–	13.0%	2.08x	12.5x	12.0x	–	–
C Citigroup Inc.	203.0B	–	9.1%	0.97x	10.8x	9.5x	–	–
BLK BlackRock, Inc.	186.1B	–	22.9%	3.09x	19.8x	17.6x	14.4x	12.7x
SCHW The Charles Schwab Corporation	152.3B	–	30.4%	3.03x	13.7x	11.3x	24.3x	20.6x
Mean		–	18.3%	2.32x	14.4x	13.0x	19.3x	16.7x
Median		–	17.1%	2.38x	14.0x	12.8x	19.3x	16.7x

Technical analysis

1M−0.5%
3M−5.6%
1Y+37.9%
3Y+277.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Bank of New York Mellon Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	25,626	25,607	20,648	7,118	2,845	4,109
Cost of revenue	–	–	–	–	–	–
Gross profit	25,626	25,607	20,648	7,118	2,845	4,109
Selling, general & administrative expenses	–	–	–	–	–	–
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	–	–	–
Other operating expenses	25,626	25,607	20,648	7,118	2,845	4,109
Operating income	–	–	–	–	–	–
Net interest income (expense)	–	–	–	–	–	–
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	7,058	5,848	4,283	3,480	4,648	4,468
Net income before taxes	7,058	5,848	4,283	3,480	4,648	4,468
Provision for taxes	1,475	1,305	979	937	877	842
Minority interest	−34.0	−13.0	−2.0	13.0	−12.0	−9.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	5,549	4,530	3,302	2,556	3,759	3,617
Extraordinary items	–	–	–	–	–	–
Net income	5,549	4,530	3,302	2,556	3,759	3,617
EBIT, normalized	–	–	–	–	–	–
EBITDA, normalized	–	–	–	–	–	–
Basic EPS, normalized	7.50	6.03	5.05	2.90	4.18	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Bank of New York Mellon Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	–	–	–	–	–	–
Receivables	–	–	–	–	–	–
Total inventory	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Other current assets	–	–	–	–	–	–
Total current assets	–	–	–	–	–	–
Property, plant & equipment	3,581	3,266	3,163	3,256	3,431	3,602
Goodwill	16,767	16,598	16,261	16,150	17,512	17,496
Intangibles	5,529	5,527	5,284	5,161	5,087	4,896
Long-term investments	953	852	873	803	939	1,259
Note receivable	–	–	–	–	–	–
Other long-term assets	445,470	389,821	384,296	380,413	417,469	442,380
Total assets	472,300	416,064	409,877	405,783	444,438	469,633
Liabilities
Accounts payable	21,872	20,073	18,395	23,435	25,150	25,085
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,443	1,321	–	1,336	1,461	1,669
Short-term debt	–	–	–	–	–	–
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	–	–	–	–	–	–
Total current liabilities	–	–	–	–	–	–
Long-term debt	32,295	31,079	31,736	30,855	26,680	26,334
Minority interest	495	446	135	116	357	319
Other liabilities	395,197	343,221	337,236	334,078	374,367	397,179
Total liabilities	427,987	374,746	369,107	365,049	401,404	423,832
Shareholders' equity
Preferred stock	4,836	4,343	4,343	4,838	4,838	4,541
Common stock	14.0	14.0	14.0	14.0	14.0	14.0
Additional paid-in capital	29,907	29,321	28,908	28,508	28,128	27,823
Retained earnings (accumulated deficit)	46,396	42,537	39,549	37,864	36,667	34,241
Treasury stock	−33,805	−30,241	−27,151	−24,524	−24,400	−19,833
Other equity	−3,035	−4,656	−4,893	−5,966	−2,213	−985
Total equity	44,313	41,318	40,770	40,734	43,034	45,801
Total liabilities & shareholders' equity	472,300	416,064	409,877	405,783	444,438	469,633

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Bank of New York Mellon Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	5,583	4,543	3,288	2,560	3,771	3,626
Depreciation, depletion & amortization	1,852	1,803	1,748	1,636	1,867	1,630
Deferred taxes	99.0	−345	−423	155	257	−193
Non-cash items	−39.0	−18.0	−8.0	686	−18.0	−34.0
Changes in working capital	−765	−5,296	1,307	10,031	−3,039	9.0
Cash from operations	6,730	687	5,912	15,068	2,838	5,038
Investing activities
Capital expenditures	−1,553	−1,469	−1,220	−1,346	−1,215	−1,222
Other investing cash flows	−42,730	−8,010	−4,590	21,220	20,887	−77,233
Cash from investing	−44,283	−9,479	−5,810	19,874	19,672	−78,455
Financing activities
Financing cash flow items	42,331	11,094	555	−37,762	−17,355	83,187
Cash dividends paid	−1,685	−1,542	−1,487	−1,376	−1,323	−1,296
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−932	−3,214	−2,587	5,484	−3,284	−6,383
Cash from financing	39,714	6,338	−3,519	−33,654	−21,962	75,508
Foreign exchange effects	221	−311	230	358	−84.0	61.0
Net change in cash	2,382	−2,765	−3,187	1,646	464	2,152
Free cash flow	5,177	−782	4,692	13,722	1,623	3,816

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.